Daily Tesla Trade Alert (2/28/29)

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Tesla spiked higher again yesterday like I thought it would!

The stock is up pre-market, and I expect the price to be buoyed today by the news that Apple is exiting the EV game. Yesterday, Apple announced that it was suspending plans for its Apple Car.

Ostensibly, this is good for Tesla market share as it means less competition. Plus, the 9-day is about to cross over the 20-day, which is a bullish signal.

Trade Idea:

1 MAR 2024 $202.50 CALL